1704 Frederica Rd APT 428Saint Simons IslandGA31522
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Saint Simons Island at 1704 Frederica Rd APT 428, Saint Simons Island, GA, 31522 offers a 8.74% rental yield on a $355,100 purchase with $2,585/mo rent. Total monthly income registers $2,585/mo, and a $1,738/mo payment leaves $377/mo available for distribution. Annual cash flow reaches $4,525/yr on $117,716 to close, and return on cash invested stands at 23.75% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,108 over five years. Portfolio math shows five-year ROI at 123.52% and total cumulative return in cash at $145,399. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,585/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31522, Saint Simons Island, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,280 (100%) |
| Owner Occupied HU | 6,783 (55.2%) |
| Renter Occupied HU | 1,468 (12.0%) |
| Vacant Housing Units | 4,029 (32.8%) |
| Median Home Value | $607,719 |
| Average Home Value | $700,965 |
Housing Distribution
Address Breakdown
Residential
11,268
Single Family
9,782
Multi-Family
1,486
Businesses
1,233
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Listed by: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #1650992